Mushroom And Truffle Market Overview in the USA
Market Overview
In 2019, the U.S. mushroom and truffle market decreased by -
% to $, falling for the second consecutive year after three years of growth. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.
In value terms, mushroom and truffle production shrank to $ in 2019. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, production reached the maximum level at $ in 2017; however, from 2018 to 2019, production failed to regain the momentum.
The average yield of mushrooms and truffles in the U.S. totaled kg per ha in 2019, flattening at the year before. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the harvested area of mushrooms and truffles in the U.S. stood at ha, stabilizing at 2018. In general, the harvested area showed a relatively flat trend pattern.
% to $, falling for the second consecutive year after three years of growth. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.In value terms, mushroom and truffle production shrank to $
in 2019. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, production reached the maximum level at $ in 2017; however, from 2018 to 2019, production failed to regain the momentum.The average yield of mushrooms and truffles in the U.S. totaled
kg per ha in 2019, flattening at the year before. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In 2019, the harvested area of mushrooms and truffles in the U.S. stood at
ha, stabilizing at 2018. In general, the harvested area showed a relatively flat trend pattern.Consumption
In 2019, consumption of mushrooms and truffles in the U.S. shrank modestly to tonnes, waning by -% on the previous year. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, consumption attained the peak volume at tonnes in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.
The size of the mushroom and truffle market in the U.S. dropped to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Mushroom and truffle consumption peaked at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.
tonnes, waning by -% on the previous year. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, consumption attained the peak volume at tonnes in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.The size of the mushroom and truffle market in the U.S. dropped to $
in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Mushroom and truffle consumption peaked at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.Market Forecast
Driven by increasing demand for mushroom and truffle in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
The U.S. remains a net importer of mushroom and truffle; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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